Sotheara Cheav Sells 10,000 Shares of ACM Research (NASDAQ:ACMR) Stock

Key Points

• ACM Research insider Sotheara Cheav sold 10,000 shares at an average price of $35.00, totaling $350,000, resulting in a 9.09% decrease in their ownership stake.
• Despite recent insider selling, ACM Research reported a net margin of 13.76% and a 6.4% year-over-year revenue growth, with earnings of $0.54 per share for the last quarter.
• The stock is currently listed at $35.89, down 0.6%, and has a market cap of $2.12 billion with a P/E ratio of 21.75.

ACM Research, Inc. (NASDAQ:ACMR - Get Free Report) insider Sotheara Cheav sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $35.00, for a total value of $350,000.00. Following the transaction, the insider directly owned 100,002 shares in the company, valued at approximately $3,500,070. This represents a 9.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sotheara Cheav also recently made the following trade(s):

• On Friday, August 22nd, Sotheara Cheav sold 11,152 shares of ACM Research stock. The shares were sold at an average price of $30.00, for a total value of $334,560.00.

ACM Research Stock Performance

Shares of ACMR stock traded up $0.79 during midday trading on Monday, hitting $36.68. The company had a trading volume of 2,312,567 shares, compared to its average volume of 1,591,590. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 22.23 and a beta of 1.44. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.45 and a quick ratio of 1.49. The company's 50 day simple moving average is $28.86 and its 200 day simple moving average is $25.62. ACM Research, Inc. has a 52-week low of $13.87 and a 52-week high of $37.27.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The specialty retailer reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.12. The company had revenue of $215.37 million during the quarter, compared to the consensus estimate of $223.42 million. ACM Research had a net margin of 13.76% and a return on equity of 9.57%. ACM Research's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 EPS. Research analysts anticipate that ACM Research, Inc. will post 1.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ACM Research

A number of large investors have recently modified their holdings of the business. Hudson Bay Capital Management LP acquired a new stake in shares of ACM Research in the 2nd quarter valued at approximately $636,000. Headlands Technologies LLC acquired a new stake in ACM Research in the second quarter valued at $114,000. Tower Research Capital LLC TRC boosted its position in shares of ACM Research by 7.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,076 shares of the specialty retailer's stock worth $157,000 after purchasing an additional 416 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of ACM Research during the 2nd quarter worth $660,000. Finally, Lazard Asset Management LLC increased its holdings in shares of ACM Research by 27.9% in the 2nd quarter. Lazard Asset Management LLC now owns 5,245 shares of the specialty retailer's stock valued at $135,000 after purchasing an additional 1,145 shares in the last quarter. 66.75% of the stock is owned by hedge funds and other institutional investors.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.